How $7m debt row could put Mayweather fight at risk

The forthcoming boxing exhibition matchup between American boxer Floyd Mayweather and his Greek counterpart, Mike Zambidis, is now in doubt due to serious financial and legal issues.

Mayweather is supposed to square up against kickboxing champion Zambidis in an exhibition match in June, but the matchup is now in jeopardy after the boxing legend was informed by the Internal Revenue Service (IRS) about a possible move to cancel his U.S. passport.

Per a report published by the Ring Magazine, Mayweather has been notified about a potential plan to revoke his passport unless he pays up a lump sum of tax debt, putting the boxing bout in jeopardy.

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According to documents reviewed in his case, the boxer is alleged to owe the IRS, which could result in his passport being revoked, and the boxer may not be able to travel out of the US, putting his international exhibition bouts with Zambidis and Mike Tyson at risk.

“Floyd Mayweather’s planned exhibitions against kickboxer Mike Zambidis and Mike Tyson are in jeopardy after the IRS notified him of its intention to have his U.S. passport revoked due to an unresolved seriously delinquent tax debt upward of $7.25 million, according to documents reviewed by The Ring.” The report stated.

Further reports reveal that Mayweather’s total outstanding debt is more than $7m, and he may need to arrange a payment plan, settle the bill or take legal action to avoid further escalation.